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Retirement and Savings Plans—Contribution Limits
Notes
(1) The money purchase registered pension plan (RPP) contribution limits indicated in the
table are maximum limits that apply each year. The contribution limit will be the greater
of the limit for the previous year, and the 2009 contribution limit of $22,000 adjusted for
inflation. In general, the 2009 contribution limit will be indexed by an inflation factor equal
to the average wage for the applicable year divided by the average wage for 2009.
(2) The total of all employer and employee contributions to an RPP are limited to the lesser of
the current year’s contribution limit and 18% of the employee’s pensionable earnings for
the year. The amount of pensionable earnings that generates the contribution limit each
year is indicated in the table.
(3) The registered retirement savings plan (RRSP) contribution limits are equal to the RPP
contribution limits for the preceding year.
2013
2014
2015
Money Purchase Registered Pension Plans
Contribution limit
1
$ 24,270
$ 24,930
$ 25,370
Pensionable earnings
2
134,833
138,500
140,945
Registered Retirement Savings Plans
Contribution limit
3
$ 23,820
$ 24,270
$ 24,930
Previous year’s earned income
4
132,333
134,833
138,500
Deferred Profit Sharing Plans
Contribution limit
5
$ 12,135
$12,465
$12,685
Pensionable earnings
6
67,417
69,250
70,472
Tax Free Savings Account
Annual Contribution
Limits
7
$5,500
$5,500
$5,500
Registered Education Savings Plans
Annual limit
8
N/A
N/A
N/A
Lifetime limit
9
$50,000
$50,000
$50,000
Registered Disability Savings Plans
Annual limit
10
N/A
N/A
N/A
Lifetime limit
11
$200,000
$200,000
$200,000
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Current as of December 31, 2014